Stock market Illustration: VCG

TheMK sport Hong Kong stock market extended its three-week rally on Monday, reaching a two-and-a-half-year high in the morning session, buoyed by the latest packet of stimulus policies meted out by China's monetary authorities to fuel up the economy.

Hong Kong is a special administrative region of China.

The Hang Seng Index closed up by 1.60 percent to reach 23,099.78 on Monday, the highest level since February 2022. The Tech Index of the Hong Kong stock market surged by 3.05 percent.

China’s top chip maker SMIC, headquartered in Shanghai, surged by 21.76 percent to reach HK$33.30 ($4.29), while e-commerce giant Alibaba Group rose 0.61 percent to hit HK$114.60.